Bullabulling Share Discussion Threads

[sweepie2] 01/7/2014 13:06

Thanks for the reply

[leedskier] 01/7/2014 12:45

The catch 22 is to take no action and Norton do not acquire 75% and I end up as a minority shareholder.

[leedskier] 01/7/2014 12:42

In view of the posts which precede, I have just spoken to Corporate Actions at my Brokers -- Redmayne Bentley.

As I have so far not made an election, I can do at any time up to 16 July and receive AUD 8 cents.

If however Norton acquire 75%, if I take no action, I will have been deemed to have accepted the offer and I will receive AUD 8 cents.

edit:

Please do not rely on this post as advise. Each must contact their own brokers.

[sweepie2] 01/7/2014 12:35

What can Brett do to prevent 50.1%, anything or is it a done deal?

[grum3still] 01/7/2014 12:17

I have received an amended offer of 8c as a UK shareholder ( 4.44p after conversion) so assume it is applicable to all. I do not think you could differentiate between shareholders on different exchanges legally.

[boros10] 01/7/2014 12:13

My broker is telling me the offer has only been extended to mid July in Australia and not elsewhere. I can't find anything documented suggesting this view is correct. Has anyone else had a similar problem?

[evilblues] 01/7/2014 12:09

Thanks hiddendepths - I'll check HUR out but realistically looking to replace BGL with another gold play

[odvod] 01/7/2014 12:01

If management
- would have a (significant) stake
- would be buying shares regularly
- would not play sure in the cost calculations to gain place for comfort and then correcting the costs again after mad shareholders complaints
- would not rely on "friends (priviledged??)" among shareholders
- would act against the falling SP
- would publish "white knight seeking" advisor contract
- would find strong shareholders base that could unfortunately not be manipulated
etc.
would this be happening? Is it me to blame for taking my loses atm? Can I expect anything from the BOD to save my ass?

[hiddendepths] 01/7/2014 12:00

evilblues - I would look for a dip to buy into HUR. Their recent appraisal well suggest that their Lancaster oilfield is the biggest field discovered in the UK this century. I know it's come up some way but the IPO price was 43p and it's not far above that, which is surprising as there was substantial risk before this well and now there's very little. I don't what'll happen short term but I suspect it can run a long way over the next year or two.

[evilblues] 01/7/2014 11:48

Hiddendepths et al - suggestions elsewhere to recoup tragic losses here? Took your advice with mxp as your strategy/theories were akin to my own. I still believe there are huge returns to be had in gold miners - picking winners is not my strong point!TIA

[hiddendepths] 01/7/2014 11:41

Might as well wait for Brett. But probably important to get the acceptances in by the extended deadline.

[temujiin] 01/7/2014 11:38

Would expect something within the next 24 hrs, possibly at end of day? Guess Brett would have known Res and BS caved in so should have an idea of what to advise. Does look like game over but will await to see what they say.

[croxie] 01/7/2014 11:31

Me too Carl

[evilblues] 01/7/2014 11:28

Me too. Vital comms are needed. Urgently.

[carl79] 01/7/2014 11:25

Im waiting to see what our BOD say before giving instruction.

Why not...

[odvod] 01/7/2014 10:39

game over - sell instruction from me

[sweepie2] 01/7/2014 10:27

When they pass 50% will they damage company just to force the minority shareholders out, I suppose all the present BODs will be looking for a new job, what in reality will it mean to the rest of us?
Thanks

[retailronnie] 01/7/2014 10:25

The tipping point was the 26%. Funding / bids from others would not be viable and with the % of sh that actually vote, they may have had enough to start changes.

As I say, it could have been worse, they could have not extended the offer. What would the share price have been today with NGF at such a high share and no extended offer? < 2p?

[grum3still] 01/7/2014 10:16

well resolute know that piece of land well so my feeling is it is game over.

[sweepie2] 01/7/2014 10:00

Traitors

Notice of change of interest of substantial holder

The Company has today been notified of a change in the interests held by Resolute Mining Limited and its associated bodies ("Resoulte Mining") in the Company. Resolute Mining has sold its interest in 20,250,000 fully paid ordinary shares (held through Resolute (Treasury) PTY Ltd, a wholly owned subsidiary) representing 5.78% of the Company's issued share capital by way of acceptance of the offer from Norton Gold Fields Limited and as such ceases to be a substantial holder.